Introduction


PART I
The Problem: The Income Tax is Broken

Chapter 1-What is the Income Tax and Why is it Broken?

Chapter 2-Taxing Income is a Flawed Concept

Chapter 3-Tax Planning Under the Income Tax

Chapter 4-Progressive Taxation

Chapter 5-Tax Expenditures

Chapter 5 Appendix-Kingdom of PAL:A Parable of Tax Expenditures, Tax Shelters, and the Passive Activity Loss Rules.

Chapter 6-The Alternative Minimum Tax (AMT): An Admission of Failure

Chapter 7-The Intractable Problem of Tax Cheating

Chapter 8-The Deadweight Cost of the Personal Income Tax


PART II
The Solution

Chapter 9-Tax Consumption Instead of Income

Chapter 10-Individual Level Consumption Taxes

Chapter 11-Business Level Consumption Taxes

Chapter 12-The Current Internal Revenue Code: An Income Tax, a Consumption Tax, or a Hybrid?

Chapter 13-An Introduction to an Integrated Two-Tier Consumption Tax

Chapter 14-e-Tax: An Electronically Collected Progressive Consumption Tax as the Successor to the Income Tax

Chapter 15-e-Tax Redux: Special Considerations

Chapter 16-Transition to e-Tax

Conclusion and Prospects for Change

Appendix A-Tax-inclusive Rate vs. Tax-exclusive Rate and Gross-up

Production and Consumption Charts-Simplified Production and Consumption Cycle, and Flow of Income & Expenditures Cycle